Bitcoin recovers from $100,000: Is a new surge or a correction approaching? Bitcoin has continued to show strength amid growing macroeconomic uncertainty, with rising U.S. bond yields and escalating global tensions keeping markets on edge. However, the recent political drama has injected new volatility into the cryptocurrency space. The world's leading cryptocurrency experienced a sharp 5% drop following a highly publicized clash between Elon Musk and U.S. President Donald Trump on the social platform X. The dispute, centered on the 'Big Beautiful Bill' criticized by Musk, quickly triggered reactions in the financial markets.

According to chief analyst Darkfost, last night marked the most significant change in trader behavior on Binance so far in 2025. As the political dispute gained attention, traders responded quickly, viewing the event as a risk-off signal. The consequences were immediate in the derivatives market, where the net volume of Binance takers plummeted from $20 million to -$135 million in less than eight hours.